Triumph Group (TGI) Releases Quarterly Earnings Results, Beats Expectations By $0.47 EPS

Triumph Group (NYSE:TGI) released its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.47, MarketWatch Earnings reports. Triumph Group had a negative return on equity of 35.34% and a negative net margin of 9.56%. The firm had revenue of $869.03 million for the quarter, compared to the consensus estimate of $842.57 million. During the same period last year, the business posted $1.01 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Triumph Group updated its FY 2020 guidance to $2.35-2.95 EPS and its FY20 guidance to $2.35-2.95 EPS.

NYSE:TGI opened at $20.06 on Friday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.69 and a beta of 2.77. Triumph Group has a 52 week low of $11.16 and a 52 week high of $26.00.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.80%. Triumph Group’s dividend payout ratio is presently 6.43%.

A number of brokerages recently commented on TGI. Zacks Investment Research cut Triumph Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. ValuEngine cut Triumph Group from a “hold” rating to a “sell” rating in a report on Friday, May 17th. Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $20.00 to $35.00 in a report on Monday, February 11th. Cowen cut Triumph Group from an “outperform” rating to a “market perform” rating and set a $22.15 price target on the stock. in a report on Monday, February 11th. Finally, SunTrust Banks raised their price target on Triumph Group to $25.00 and gave the company a “hold” rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.66.

In other news, Director Joseph Silvestri sold 33,853 shares of Triumph Group stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.25, for a total value of $820,935.25. Following the sale, the director now directly owns 47,662 shares of the company’s stock, valued at $1,155,803.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of TGI. Victory Capital Management Inc. bought a new stake in shares of Triumph Group in the first quarter worth about $20,313,000. New York State Common Retirement Fund increased its holdings in shares of Triumph Group by 1,289.8% in the fourth quarter. New York State Common Retirement Fund now owns 754,668 shares of the aerospace company’s stock worth $8,679,000 after purchasing an additional 700,368 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Triumph Group in the first quarter worth about $10,224,000. Norges Bank bought a new stake in shares of Triumph Group in the fourth quarter worth about $1,958,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Triumph Group by 59.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 411,035 shares of the aerospace company’s stock worth $7,834,000 after purchasing an additional 153,061 shares during the last quarter.

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About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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Earnings History for Triumph Group (NYSE:TGI)

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